4 ms·
I don't understand how this is working. I'm originally from Nevada, but spent the first chapter of my adult life in San Francisco. I've been home for the past
by bsimpson 3y ago
I don't understand how this is working.
I'm originally from Nevada, but spent the first chapter of my adult life in San Francisco. I've been home for the past few months. Prices here are tantamount to what I grew accustomed to in SF, but I'm sure people here still make small ranch town wages. Coffee is $7. A meal is $20+. They used to be fractions of that, and that doesn't even touch the runup in real estate where crappy houses in nice areas can be $1MM+. A local sandwich shop has a flyer on the wall pleading with customers to understand that their cost of ingredients has grown astronomically in recent years.
I legitimately don't understand how this is working for the people who have local incomes.
- supahfly_remix 3y agoout of curiosity, does the part of Nevada where you live receive a lot of tourists? Is it within driving distance of LA or the SF Bay Area?
- bsimpson 3y agoI'm from Carson City. It's between Reno and Tahoe, but on the other side of the mountains. It's not terribly popular for tourism, although Bay Area refugees have bid housing here up every time there's been a tech boom/pandemic/etc.
- supahfly_remix 3y agoMaybe the influx of newcomers and their income is driving inflation near you.
- tyjen 3y agoReal estate is insane. Land I was scouting in anticipation of buying to build a retirement home have become unaffordable. I'm talking increases of 300% in value between 2020 to today. The spike in value came out of nowhere, I honestly cannot explain it.